A manufacturer reports the data below.

	Current Year	Prior Year
Accounts payable	$ 7,983	$ 11,928
Accounts receivable	27,265	18,040
Inventory	10,284	9,695
Net sales	173,000	122,000
Cost of goods sold	85,000	118,000

(1) Compute the number of days in the cash conversion cycle for each year. (2) Did the company manage cash more effectively in the current year?

Compute the number of days in the cash conversion cycle for each year. (Use 365 days in a year. Round calculations to the nearest whole day.)

	Current year		Prior year
Cash conversion cycle		days		days

Did the company manage cash more effectively in the current year?

	Did the company manage cash more effectively in the current year?